20.1% Return – How This Trade Turned Around

Rolling the Right Way – Not to Infinity

I don’t roll just for the sake of it—that’s a one-way ticket to chasing losses.

But when:

• ✅ My directional view is still valid
• ✅ The market aligns back with my bias
• ✅ There’s still time on the clock

Then rolling can turn a losing trade into a winning one.

The Evolution of This Trade

Step 1 – Hedge Becomes a Bear Swing Add-On

• Started as a hedge for my bullish trades around Feb 7
• Bullish trades closed profitably, so I converted it into a bear swing add-in
• Price rallied but stayed in range → First roll triggered

Step 2 – First Effective Roll

• Instead of a traditional roll, I let Trade #1 expire
• Opened Trade #2 with the same strikes & increased size
• Market broke out bullish—bearish thesis broken
• But still plenty of time on the clock – so wait

Step 3 – Running Out of Time, Final Roll

• The market flipped bearish again
• Chose to roll out in time & up in strikes one last time
• Friday’s sell-off sealed the win

Final Trade Breakdown

• Trade #1 – Collected $3.30 on 22 lots, expired with a -$1.70 loss
• Trade #2 – Collected $3.60 on 30 lots, expired with a -$1.40 loss
• Trade #3 – Collected $4.00 on 40 lots, closed at $0.30, producing an overall profit $3.70
• Final result? A 20.1% return on capital.

The SPX Income System Advantage

• No traditional stop-outs – Wrong direction? No problem.
• Flexibility to adjust trades – Not locked into a single outcome.
• Time as an asset – Given enough time, even a losing trade can turn profitable.

This is why I love this system—I don’t have to be right to make money.

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Fun Fact

Did you know? In 2013, a Goldman Sachs trader accidentally placed a $1 billion trade, triggering massive volatility—luckily, the firm caught it just in time.

The Lesson? Even the biggest, most experienced traders make fat-finger mistakes—but having a risk-management system in place makes all the difference.